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The congresswoman said the trades were made by a financial adviser working on a move of her husband's retirement savings, and that she did not give any direction on the transactions or know about them.
Val Hoyle, the two-term Democratic congresswoman who represents Eugene and Springfield, is the latest member of Congress to violate a conflicts-of-interest and financial transparency law.
She was weeks or months late disclosing 217 individual stock trades by her husband, Stephen, according to an OpenSecrets review of Hoyle’s new congressional financial disclosure document.
The trades’ combined value: between $245,215 and $3,355,000. (Federal lawmakers are only required to disclose the values of their trades in broad ranges.)
In a message to the clerk of the House of Representatives, Hoyle stated that the late-reported transactions “were made by my spouse’s financial broker and were not specifically requested by me or my spouse. I have now implemented thorough procedures to confirm that my financial disclosure preparer will be notified of all transactions in a timely manner.”
Separately, Hoyle wrote in an email Wednesday to OpenSecrets: “I acknowledge I missed the reporting deadline … the American people deserve transparency when it comes to the finances of members of Congress.”
In her email, she explained that the company her husband works for ended its employer-sponsored pension program last year, and his retirement savings transitioned into an individual retirement account, she said.
“His new financial adviser purchased individual stocks without any direction from either of us,” Hoyle said. “I only learned of the stock transactions last week. The reports we filed disclose all reportable transactions through August 2025. Going forward, we remain committed to having our filings be accurate and up to date.”
Hoyle’s congressional office confirmed that the congresswoman has paid a $200 penalty for her late disclosures — the standard fee for a first-time violation of the Stop Trading on Congressional Knowledge Act, also known as the STOCK Act.
The law requires federal lawmakers to publicly disclose any individual stock, bond or cryptocurrency trade within 45 days of making it. The STOCK Act also extends insider trading restrictions to members of Congress.
There is no evidence Hoyle engaged in any prohibited transactions. But several of the stock trades Hoyle reported involved companies within industries that ostensibly fall under the jurisdiction of the House Transportation and Infrastructure Committee and the House Natural Resources Committee, on which Hoyle serves.
These include airplane maker and defense contractor Boeing, travel website Booking Holdings, Canadian Natural Resources Limited, Deere & Company, Eaton Corporation and Knight-Swift Transportation Holdings.
Last week, NOTUS reported that Hoyle was among five members of Congress who were weeks late in filing their most recent mandatory annual financial disclosure reports, which provide the public with a broad overview of lawmakers’ assets, income, business ties, contractual obligations and debts.
Hoyle, who represents Oregon’s 4th district, filed her 2024 annual disclosure on Friday following the publication of NOTUS’ article.
Hoyle is part of a bipartisan coalition of lawmakers who want members of Congress, their spouses and dependent children to stop buying and selling individual stocks to defend against insider trading and curb financial conflicts of interest, be them real or perceived.
Hoyle this year is a co-sponsor of the TRUST in Congress Act and the Stop Politicians Profiting from War Act of 2025, the latter of which would ban federal lawmakers and their immediate family members from owning most defense industry stocks.
The dozens of corporate stock transactions that Hoyle was late reporting included defense contractors Lockheed Martin and Northrop Grumman.
Earlier this month, Republican and Democratic House lawmakers consolidated several stock-ban bills into one measure — the Restore Trust in Congress Act — which they’re pushing to receive a vote on the House floor.
Numerous other members of Congress have also violated the STOCK Act and federal transparency law during 2025, including: Democratic Reps. Debbie Wasserman Schultz, Dwight Evans, Jamie Raskin, Chellie Pingree, Shri Thanedar, George Whitesides, Ritchie Torres, Jonathan Jackson, Donald Norcross, Tom Suozzi, George Latimer and Jared Huffman and Republican Sen. Markwayne Mullin and Republican Reps. Dan Meuser, Lisa McClain, Austin Scott, Neal Dunn, Scott Franklin, Brandon Gill, Hal Rogers, Tim Moore, Troy Nehls and Tony Wied.
This article was originally published by OpenSecrets, a nonpartisan, nonprofit organization that tracks money in politics.
